Smart Insurance Guide 2025
Motor Insurance Guide
🔹 What is Motor Insurance?
Motor insurance provides coverage for cars, bikes, and commercial vehicles. It protects against damages, accidents, theft, and third-party liabilities.
🔹 Types of Motor Insurance
- Third-Party Liability – Mandatory by law, covers damage to others.
- Comprehensive Policy – Covers own damage + third-party liability.
- Standalone Own Damage – Covers damage to your vehicle only.
- Add-On Covers – Zero depreciation, roadside assistance, etc.
🔹 Why is it Important?
Accidents and damages can cause huge expenses. Motor insurance reduces financial burden and ensures legal compliance while driving.
🔹 Conclusion
Motor insurance is not just a legal requirement but also a smart financial protection tool. Always compare policies and add-ons before choosing the right plan for your vehicle.
